Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/43412 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorFilareto-Deghaye, Marie Christineen
dc.contributor.authorSeverin, Ericen
dc.date.accessioned2007-12-05-
dc.date.accessioned2010-12-16T15:55:13Z-
dc.date.available2010-12-16T15:55:13Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/43412-
dc.description.abstractThe question of leasing credit as a substitute or complement of a banking loan has still not been resolved in the financial literature. As a continuation of these arguments, the objective of this article is, on the one hand, to determine the characteristics of firms using leasing credit and on the other hand, to better understand the relationship between leasing and credit rationing. Firstly, our results suggest that SME use leasing all the more the leasing so when they are young, leveraged, less solvent and that they present an small size and an important failure probability. Thus, leasing pushes back the limits of banking debt for firms that have no access to it. Secondly, our results suggest a strong and significant relationship between credit rationing and the use of leasing. In this framework the latter appears to be a last resort financing.en
dc.language.isoengen
dc.publisher|aColegio de Economistas de A Coruña |cA Coruñaen
dc.relation.ispartofseries|aEconomic Analysis Working Papers |x2007,6en
dc.subject.ddc330en
dc.subject.stwKlein- und Mittelunternehmenen
dc.subject.stwUnternehmensfinanzierungen
dc.subject.stwFinanzierungsleasingen
dc.subject.stwKrediten
dc.subject.stwKreditrationierungen
dc.subject.stwFrankreichen
dc.titleDeterminants of the choice leasing vs bank loan: Evidence from the French SME by KACM-
dc.type|aWorking Paperen
dc.identifier.ppn551129972en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.